The launch of the Hyperliquid ETP by 21Shares on the Swiss stock exchange SIX positions the platform among the emerging leaders of DeFi, offering institutional access to HYPE for the first time without on-chain steps, according to official data updated as of September 1, 2025.
What happened with Hyperliquid and why is the launch of the ETP historic?
When 21Shares listed the ETP dedicated to Hyperliquid on SIX, the HYPE token entered a new phase: now, professional investors can gain exposure to the DeFi protocol without digital wallets or self-custody management. This marks a cultural shift for decentralized derivatives markets and confirms the maturity reached by Hyperliquid after a rapid growth initiated at the end of 2022.
The platform uses an on-chain order book, a technology that allows order matching in less than a second: an alternative model to classic AMMs, preferred by both professional traders and new users. The attention from 21Shares highlights the demand for institutional products in the crypto sector, while community consensus grows accordingly.
Why does Hyperliquid’s entry on SIX change the DeFi landscape?
The official entry of Hyperliquid into regulated markets closes the gap between DeFi and traditional finance. The ETP introduces:
- Regulated access to the HYPE token for banks, funds, and family offices
- An increase in liquidity thanks to the contribution of institutional capital
- A tangible reputational growth: SIX is among the exchanges with the highest auditing and regulatory robustness
- Diversification of investors and reduced reliance on retail demand alone
Despite a recent technical interruption of 37 minutes in July 2025, Hyperliquid experienced a swift recovery and renewed confidence among its users. The listing on SIX now suggests a leap in quality: from a “niche” DeFi platform towards a reliable alternative to centralized exchanges.
What are the risks and opportunities for Hyperliquid after the ETP?
The launch of the ETP offers tangible benefits, but also opens up complex scenarios:
- Increased regulatory pressure: more intense oversight from authorities could limit operational agility
- Enhanced volatility: the influx of large capital can amplify the price movements of HYPE
- Increasing competition, as other projects aim to emulate the ETP model
- Risk of market manipulation: cases like the exploit on XPL remain a warning for trust in the system
However, according to Arthur Hayes of BitMEX during the WebX 2025 conference, Hyperliquid is set for a strong appreciation thanks to the expansion of its user base and the progressive legitimization among traditional operators. If this dynamic continues, the protocol could become one of the pillars of the global DeFi.
What happens now? Prospects and warnings for investors and enthusiasts
In summary, the launch of the 21Shares Hyperliquid ETP on SIX is a watershed moment for the maturation of DeFi. The balances are delicate: more institutional attention brings new opportunities but also unprecedented risks.
The future depends on how these protocols will manage transparency, security, and compliance without sacrificing the disruptive promises of DeFi. Follow the community and stay updated on the next moves.
Source: https://en.cryptonomist.ch/2025/09/02/hyperliquid-hype-soars-with-the-21shares-etp-on-six-defi-revolution/